A forensic audit recently found $8 million in excess insurance premiums had been held for over a decade by the Alliance of Schools for Cooperative Insurance Programs (ASCIP) for the Rancho Santiago CCD without the knowledge of the elected trustees. Now the trustees are faced with continuing their $22 million annual employee insurance contract with ASCIP or looking elsewhere.
Tag: John Didion
Posted inCommunity Opinion
Resnick: Lifting the Curtain Behind a School Bond
While employed with the Rancho Santiago CCD, two senior administrators served at the same time as directors of a Hawaii based insurance company that received millions of dollars in premiums from the college district for bond construction insurance related to the $337 million Measure E. There were never votes recorded or minutes of any kind memorializing this company’s involvement with the RSCCD.
